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1257ORDINANCE N0. 1257 AN ORDINANCE TO DESIGNATE THE DISTRIBUTION OF REVENUE COLLECTED BY THE SALES AND USE TAX FOR THE CITY OF WEST MEMPHIS, ARKANSAS WHEREAS, the citizens of West Memphis, Arkansas, have the opportunity at the General Election, November 4, 1986, to vote on a One Per Cent (l~) Sales and Use Tax for the City of '~ West Memphis, Arkansas; and, WHEREAS, the citizens of West Memphis, Arkansas, want to ~,,: know how the Sales and Use Tax shall be distributed; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS: SECTION 1. All revenue produced by the collection of the Sales and Use Tax for the City of West Memphis, Arkansas, shall be distributed as follows: PROPOSED DISTRIBUTION OF NEW SALES TAX MONEY Revenue Sharing $ Amount Proposed ~ Proposed Use of Tax Income Department Loss Police $ 275,000.00 $ 360,000.00 24 Additional Revenue $360,000.00 Less revenue sharing loss 275,000.00 To be used to improve $ 85,000.00 their operations Fire 271,000.00 360,000.00 24 Additional Revenue $360,000.00 Less revenue sharing loss 271,000.00 89,000.00 Parks & Recreation 120,000.00 8 Street 450,000.00 30 We probably need much more money each year just to keep from losing the streets and bridges we now have, due to lack of proper maintenance. General Fund 30,000.00 2 City Owned 30,000.00 2 Get our city in a competitive Industrial position with other cities to Park attract development to get jobs for our citizens Revitali- zation of 30,000.00 2 Start a positive, funded development of Broadway, (one block at a time if necessary) as well as Missouri or other areas. /~°Miscellaneous ,Improvements 120,000.00 8 (1) Pay to the County the cost per prisoner per day to get them to take care of all our City jailing needs (2) Some of funds to pay County our City part of health department needs, etc. $546,000.00 $1,500,000.00 100 ' ~ ~ ~ _. _ .-.' . a SECTION 2. The distribution of the revenue described in Section 1 shall not be changed unless there is an election, . special or general, conducted according to law. SECTION 3. Emergency Clause. It having been found and determined by the City Council of the City of West Memphis, Arkansas, that there is an urgent need to designate the use of the funds of the contemplated Sales Tax proposed to be voted on by the people of West Memphis, Arkansas, on November 4, 1986, therefore, an emergency is hereby declared to exist, and this Ordinance being necessary for the preservation of the public peace, health, safety and welfare of the Citizens of the City of West Memphis, Arkansas, shall become effective upon its SPONSORED BY: Roaer Sumpter Al Boals Citld C+I~R~t''t l ~-Qir~, c~ ~ _ rZ~~